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Intern - Private Equity (2 Positions)

  1. OFFICE OF THE COMPTROLLER
Posted on: 11/30/2024
  1. Part-time

Location

MANHATTAN

  1. No exam required

Department

Asset Management

$17.00 – $18.00

Job Description

The New York City Comptroller’s Office works to promote the financial health, integrity, and effectiveness of New York City government, in order to strengthen trust, secure a thriving future for all New Yorkers, and build a more just, equitable, and resilient city. Led by an independently elected citywide official, the comptroller’s office provides checks and balances needed to hold City government accountable for budgeting wisely, investing responsibly, operating efficiently, acting fairly, living up to its obligations and promises, and paying attention to the long-term challenges we face together.

The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems. Through a culture of collaboration, individual development, and teamwork that leverages diverse talent and strives for continuous improvement, the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.

Responsibilities of the Private Equity Intern include, but are not limited to:

1) Assist the PE team in fund underwriting by shadowing senior members' meetings and drafting certain parts of the Greenlight and IC memos
2) Learn about the platforms and tools (TopQ, Burgiss, and SPI etc.) for LPs and use them in manager selection and evaluation
3) Reconcile consultants' data to the PE Exposure Table
4) Any ad-hoc projects


QUALIFICATION REQUIREMENT: Matriculation at an accredited college. Employment is conditioned upon continuance as a student in college.


IMPORTANT:
- Our office is located at the David Dinkins Municipal Building, 1 Centre St. in Manhattan/New York.
- All interns will work in-person in the office, Monday – Thursday, 28 hours per week.
- The employment period will be from June 2 – July 31, 2025.


Minimum Qualifications

As of June of the Program year the prospective interne must be a student matriculated in a college or be a recent college graduate (winter/spring term of the Program year).
NOTE: Appointment to this title is only valid for the duration of the Program, June - August each year.


Preferred Skills

1) Basic knowledge of private equity and venture 2) Basic knowledge of the market 3) Organized and proactive 4) Proficient with Excel, Word and PowerPoint
Public Service Loan Forgiveness

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.
Residency Requirement

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.
Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

Job ID

690789

Title code

10234

Civil service title

SUMMER COLLEGE INTERN

Title classification

Non-Competitive-5

Business title

Intern - Private Equity (2 Positions)

Posted until

2025-02-28

  1. Student

Job level

00

Number of positions

2

Work location

1 Centre St., N.Y.

  1. Finance, Accounting, & Procurement

Intern - Private Equity (2 Positions)

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